Supporting Renewable Energy Development in South East Europe. Brussels 9 March 2018 Energy Market Integration and Transition in South East Europe

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1 Supporting Renewable Energy Development in South East Europe Brussels 9 March 2018 Energy Market Integration and Transition in South East Europe

2 IRENA s Regional Engagement 2

3 South East Europe Regional Initiative Abu Dhabi Communiqué on Accelerating the Uptake of Renewables in South East Europe Abu Dhabi, 13 January 2017 Action Areas Resource assessment Long-term planning for RE deployment Enabling frameworks: technical, policy, regulatory, institutional Market based RE support schemes Socio-economic benefits vs. affordability Access to financing for RE projects 3

4 Cost-Competitive Renewable Power Generation Potential across South East Europe Assessment of the overall renewable electricity potential in the region Identification of cost-competitive RE potential focus on wind & solar PV Inform policy makers for the upcoming process of undertaking new commitments and developing long-term strategies for renewables * This designation is without prejudice to positions on status and in line with the United Nations Security Council Resolution 1244 (1999). 4

5 Resource Assessment and cost analysis Suitable locations for Wind investments in SEE What is a good site? Renewable energy resource intensity Topography Population density Distance to the grid Land cover Protected areas IRENA Renewable Costing Alliance IRENA Renewable Cost Database based on data from over 10,000+ utility-scale RE projects 5

6 NREAP Targets vs. Cost-competitive additional potential 8.2 GW Gap to achieve cumulative RE deployment target for 2020 (based on NREAPs) 127 GW Renewable Energy today 620 GW Wind and Solar PV by 2030 Based on: Medium cost of capital scenario 6

7 Impact of cost of capital Additional cost-competitive renewable energy potential in 2016 How to improve the risk perception of the region? Eliminate administrative barriers and improve market access Create attractive and consistent RE support schemes Improve PPA structure Address grid integration challenges Enhance skills and capacities Facilitate access to finance 7

8 Post-2020 Renewable Energy Framework REmap CESEC Identification of feasible options for scaling up RE deployment in power generation and end-use sectors The EU can double its renewable share to reach 34% by 2030, cost-effectively 8

9 Strengthening of Enabling Frameworks Policy, regulatory and technical Capacity building RE Support Schemes Capacity building RE Socio-Economic Benefits Capacity building and advisory Streamlining Administrative Procedures Capacity building and advisory RE Grid Integration 9

10 RE Support Schemes IRENA Energy Community Joint Workshop on Renewable Energy Auctions Vienna, March 2017 support instruments for renewable energy design and implementation of the auctionbased support schemes - best practices from Europe and beyond implications of different auction approaches NEXT STEPS Policy Guidelines on competitive selection and support for renewable energy: EBRD and Energy Community Secretariat in collaboration with IRENA to analyse auction design in the Republic of Moldova (as a part of Renewable Readiness Assessment) 10

11 RE project facilitation support Regional workshop to share best practices and global experience on financing and risk mitigation for renewable energy projects 2018 Increased utilization of the RE project facilitation tools in the region A comprehensive platform giving project developers the tools at no cost to create robust, bankable renewable energy project proposals Trainings in South East Europe Q Online platform to support project initiation, development and access to financing Operational in the non-eu countries of Southern and Eastern Europe since November

12 THANK YOU Gurbuz Gonul Acting Director Country Support and Partnerships International Renewable Energy Agency 12